Damien Hirst burns $10M in art: Nifty Newsletter, Oct 5–11 By Cointelegraph

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Damien Hirst burns $10M in art: Nifty Newsletter, Oct 5–11

In this week’s newsletter, read about how the racing brand Formula One is planning to position itself in Web3 and how nonfungible tokens (NFTs) will transform betting on upcoming athletes. Check out how GameFi can provide the unemployed with a new means to earn and find out how the wealthiest British artist alive burned $10 million in artworks to complete his NFT project. And, don’t forget this week’s Nifty News featuring OpenSea adding support and Meta adding feet to its avatars.

Racing brand Formula One filed NFT-related trademarks showing a move that positions itself within the Web3 world. Trademark lawyer Mike Kondoudis recently announced that the league filed eight trademarks for the “F1” abbreviation.